HUGE: bitcoin reclaims $78,200
bitcoin has moved back above $78,200.
the rebound comes as the u.s. treasury continues to expand its long-term bond buyback program. officials recently raised the size of those operations and have discussed using more of the treasury’s cash reserves to support the purchases. the goal is to help ease pressure on longer-term yields.
lower yields and the signal of further liquidity support have been among the factors helping risk assets, including bitcoin, in recent sessions. the market is watching closely to see how much additional buying the treasury is prepared to do.
bitcoin is holding the reclaimed level for now while the treasury’s next steps on bond buybacks remain in focus.
bitcoin has moved back above $78,200.
the rebound comes as the u.s. treasury continues to expand its long-term bond buyback program. officials recently raised the size of those operations and have discussed using more of the treasury’s cash reserves to support the purchases. the goal is to help ease pressure on longer-term yields.
lower yields and the signal of further liquidity support have been among the factors helping risk assets, including bitcoin, in recent sessions. the market is watching closely to see how much additional buying the treasury is prepared to do.
bitcoin is holding the reclaimed level for now while the treasury’s next steps on bond buybacks remain in focus.
